North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2023 The Board of Trustees presents Its report and financlal statements for the year ended 30 Septernber 2023 Reference and Admlnlstratlve Inform8tlon Charity name: Charity Registration Nunlber: Principal Address: Mailing Address: North Watford Church of the Nazarene 1159827 19 Balmoral Road, Watford, WD24 4ER 70 Westfleld Avenue, Watford, Herts, WD24 7HE. UK. Bo•rd of TtU5tees Rev. Jose Correla Junlor {Chalr) Rev Marcia Correia {Contact) Mrs. Gracielle Gabardo Mr Josue Gomes de Melo Mrs Rosana Nasclmento The Chairperson and contact are ex offlcio by virtue of theirjoint office as Pastors of North Watford Church of the Nazarene. Holdln8lCustodlan Trustee.. Church of the Nazarene British Isles South District (A Charitable Company Limited by Guarantee. Company No 70287641 Webslte: None Bankers: Lloyds Bank.. Account No: 02009809, Sort Code: 30-99-21, Name: Church of the Nazarene Independent Examlner: Robert Dowty HP234GY Strurture, Governance and management Structure and Organlsatlon The charitable incorporated organisation (CIO) was set up on 7 Jan 2015 with registration number 1159827. In 2020 the charity was temporally mothballed pending the appointment of the New Board of Trustees by the previous church plant who were the main users of the church building. The New Board was formally appointed On 25 April 2021 and the running of and the assets of the charity passed to them on that date. Trustee appolntments The Pastorlsl of the church are ex-offlcio members of the Board of Charity and their position is reviewed two years from appointment and then every four years after that. The remainingTrustees are elected annually by members of North Watford Church of the Nazarene at the annual general meeting held in or around March each year. Governance and wlder Network The Board of Trustees meets regularly, normally on a monthly basis, to consider the work and management of the church and assess and plan the financial and other aspects of the Wrk and direction of the charity. The church/CIO is a member of the Church of the Nazarene British Isles South District (a Charitable Company rnited by Guarantee, Company No. 1133336), which in turn is a member of the Global Church of the Nazarene which has its headquarters in Lenexa USA. The CIO is governed by an approved governlng constituting document drawn up by Anthony Collins, Charity Solicitors, Birmingham and approved by the Charity Commission for England and Wales and HMR&C. The governing document is based on the Manual of the Global Church of the Nazarene where UK law permits.
North Wath>rd Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2023 Rlsk Management The flsk management strategy of the church Is In a coniinual process of formulatlon In response to the changing circumstances that Could Impact upon the work of the church. The Board of Thstees, In conslderlng thls Important task, take dlrectfon from on-golng dlscusslons wlth members both internally and through meetings wlth the Church of The Nazarene Brltlsh Isles South Distrlct and other advisers, adoptt'ng appropriate pollcies as requlred or as they become necessary to the ongoing )rk of the Church. Objertlves and Actlvltles tharltsble Objectlves The charity has the following objectives: a) The advancement of the Chrlstian falth as part of the Global Church of The Nazarene and the Church of the Nazarene British Isles South District. b) To serve and enhance the local community. Publk Benefit The Trustees have had due regard to the Charlty Commlsslon guidance on public benefit reporfjng in deciding what activities the charity should undertake. This report illustrates the activities undertaken to support the public benefit requirement. Revlew of the Year General: The church has continued to grow and offers a spiritual and social hub for the Portuguese speaking community in Warford and the wider area around. Several events were held over the year which supported our aims of promoting the Christian faith and benefiting the local community such as a special event for couples. Work was also done on improving the church facilities for more effective use of the buildin8. The aims for the year included: Continuation of weekly Christian Worship meetings and promoting of the Christs'an falth in accordance with the principles of the Church of the Nazarene. Work with children and young people to promote the Chrlstian faith and provide local social benefit. Continuing to develop links with local community, to enhance the involvement of the church with and relevant local agencies on behalf of the local- community. Continue to partner with and make the church building available to relevant local agencies seeking to benefit the local community, such as agencies include but not restricted to residents, groups, childminder groups, Scouts, etc. Significant activities during the period include: Sunday VrshIp services in the Nazarene tradition held in Portuguese language. Weekly Sunday school proving children with biblical knowledge. Regular Youth/Ladies and Men's mlnistry events opened to the communltv. Weekly meetings for spiritual and personal development, growth and education. Week-day use of the building by'Honey's Nest, pre-school group to benefit the local community. Weekly use of the building by another Christian group, promoting servlces in an African language. All services, activities and events were opened to the comrnunity with no restrictions. Volunteers
North Watford Church ofThe Nazarene Report of the Board of Trustees for the year ended 30 September 2023 The planned, activities undertaken and achievements attained would have not been possible without the actiN* inw)Noment of members and frlends of the charity wlthout whom the rk of the charity could r+ot be rlIzed. The board of Trustees Is grateful for the work and support of all the members and frlends of the North Walford Church of the Naiarene.
North Watford Church of The Nazarene Report of the Board of Ttee$ for the year ended 30 September 2023 Flnanclal RevFew and notes to the Accounts The accounts of the dmrity have been prepared in acuKdance with the relevant Charity SORP. Reserves The charity does not have a formal policy on reserves as the expenditure and work of the charity is reliant upon the ongoing support, tr'thes and offerings of the members and friends received at the weekly Meetings. The 8oard of Trustees reviews on a rnonthly basis the anticipated income and expenditure for the next two to three months in order to ensure the ongoing thrk of the charity. The charity currently holds a little over £ 59,IXX).00 in savings. Rnandal Revlew of the Year The charity has continued to tailor the expenditure it incurs to the income received through Trthes and Offerings and rent for use of the building by other groups. The income for the year comprises tithes & offerings, donations and support funding from the Nazarene Brith'sh Isles South District towards pastoral salary, plus hall rental. Finances continue to be healthy and this has facilitsted a spend of over £19,{ this year on maintsining the church building and providing improved facilities. The church finishes the period in strong position and while we have not increased our savings, neither have we needed to utilise them. Church Income frorn all sources V¥7S £63,465.15 and Expenditure was £65,371.28. Assets and Uabiiities Cash Funds Held at 30 Sept 2023.. Cash Book: £12,324.31. Savings Account: £59,435.04. There is also an outstsnding loan to our Pastor of £625 which will be carried forward to the next financial year. Buildings and Land: The Assets of the charity are as follows: The property situate at 19 Balmoral Road, Watford, WD24 4ER. The legal ts'tle is held by the Incorporated Trust Corporation, Church of the Nazarene Brits'sh Isles South District, Company Registered Number: 07028764, on behalf of the local Trustees. This is the church buildin8 and has an insured value of £1,904,644 {building and contents). The property situate at 70 Westfield Avenue, Watford WD24 7HE, the legal title is held by the Incorporated Trust Corporation, Church of the Nazarene British Isles South District, Company Registered Number: 07028764, on behalf of the local Trustees. This is the church house (manse) and has an insured value of £432,088{building only). A full schedule of assets within the above properties, which includes white goods and equiprnent used in SUPPOrt of the activities of the church, can be made available upon request. InvestmentAssets: None. ts'abilities: None. Trustee Expenses Pastoral Salary of £24,908.28 and pastoral expenses of £848.79. A totsl of 25,757.07 including salary and expenses were paid to Rev. Jose Correia Junior. No other Trustee received any remuneration or expenses in this year or the previous year. An estimated £4,0(X) was received in unrestricted funds {as tithes and offering5} from the Trustee5. Related Party Transactlons There were no related Party Trnnsactions during thls year or the previous year. Plans for Future Perlods The Board of Trustees meets on a monthly basis to plan and look to the future of the charity. Dedaratfon:
North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2023 The Trustees declare that they have approved the trustees, report above.
CHARITY COMMISSION FOR ENGLANO ANO WALES Independent examiner's report on the accounts Sectlon A Independent Examlner'8 Report Report to the trustees North Watford Church of the Nazarene On accounts for the year ended 30h September 2024 Charity no (If any) 1159827 Set out on pages r•m£mbér to IrKlude fv p•gfj ¢Mmt•rs oladditional $he*151 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 3010912024 As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). Responsibllities and basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charty Commission under section 145(5)(b) of the Act. Independent examlnerfs statement appli6. Delete [ ] ifnot 8ppIic8ble. I have completed my examination. I Confi that no material matters have come to my attention in connection with the examination {other than that disclosed below ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ttrue and faif view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Pleas8 delete the words in the brackets rf they do not apply. Slgned: Date: 2910712025 Name: Robert Dowty Relevant professlonal qualificatlon{s) or body NIA IER Oct 2018
(If any): Addre88: 52 Sears Drlve Tring HP23 4GY Section Dlsclosure Onty complete if the examiner needs to highlight materk31 matters of concefn (see CC32, Independent examination of charty accounts.. directions and guKlance for examiners). Glve here brief details of any items that the examiner wlshes to disclose. IER Oct 2018
mmy[ktobtr 2023 to September 2024 23n4 £8,456.36 22123 £7,091.26 l>)onin8 Bèlance £8,456.36 INfOME Tithes and Offen. ngs Nazarene 81SO Support Church Rent•l Donati¢)ns £ts BISD ChristrnasGift Pa#or Loan Payback t)onation frorn Oxford Church Total Church Income 23124 £29,091.34 El,500.00 £20,700.00 £6,110.00 £3,630.73 £250.00 £2,000.00 £183.08 £30,S50.07 £6,000.00 £19,900.00 £12,915.39 £3S3.50 £0.00 £63,465.15 £69,712.fj6 In (t (non4ncome) Oxford rent (In) £0.00 £1,080.00 TrSfer5 In (from Swlngs) £5,774.08 £0.00 Totsl monLry in 22123 £69,239.23 £. 1 O. /¢_j 6 {)[) EXPENDtTURE Church expenses Church Gas& Electricity Church Insurance Church Water Church Buildingand P¥laintenance Church Internet (Virgin Media) Spthkers fees and expenses District Events Other Events Miscellaneousexpenditure To Oxford for rent owed Fire Prot&tion services CCLI (Copyright) Licences Media and Sound Equipment D8S Licenceand checks Giftsto Eltham & Bolton Churches Bible Study materials TOTALCHURCH £5,348.37 £1,831.50 £348.19 £3,866.13 £758.40 £85.00 £323.68 £5,011.92 £967.95 £0.00 £294.00 £399.30 £0.00 £201.48 £1,900.00 £85.50 £4,312.43 £1,630.07 £103.28 £19,628.89 £320.00 £896.84 £2,332.10 £145.00 £1,260.00 £64.44 £371.89 £2,279.17 £21,421.42 £33,344.11 Pastoral Expenses Pastoral Salary Lovegiftfor Pastor Loan to Pastor Internet and Mobile Pastor Summer School TOTAL PASTORAL £24,908.28 £250.00 £0.00 £277.81 £320.98 £24,908.28 £2,625.00 £2,625.00 £540.00 £0.00 £25,757.07 £30,698.28
Mse (Church house) Expenses Manse Maintenance & Repair Manse Home Insurance Mansewater Bills {Affinlty) MansÈGasand Electric Bllls Mansecouncil Tax TOTAL MANSE £14,149.17 £388.99 £273.10 £1,134.23 £2,247.30 £0.00 £351.70 £684.09 £1,131.20 £2,144.48 £4,311A7 £18,192.79 Tota Church Expenses 22123 £65,371.28 £68,353.86 Tmsfers t (to n8$ Account) £0.00 £0.00 In {non*xpense money) Oxford Rent (Out) £0.00 £1,080.00 Totsl moneyout £65,371.28 £69,433.86 Year End Balances. (B/fwd + Income- Exp.) £12,324.31 £8,456.36 Swln8sAccount oping Balance Transfersfrom current a/c Transfersto current a/c Interest payrnents Ythrend balance £0.96 22123 £64,431.78 £64,047.88 £0.00 £0.00 £5,774.08 £0.00 £777.34 £383.90 £59,435.04 f.(i.q,4.11.78 tstanding Loan to Pastor £625.00